JPMorgan Chase & Co. Issues Pessimistic Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its target price cut by research analysts at JPMorgan Chase & Co. from $30.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 14.87% from the company’s previous close.

ENR has been the topic of a number of other research reports. Wall Street Zen lowered Energizer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Zacks Research upgraded Energizer from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Barclays upped their price target on Energizer from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Energizer in a report on Tuesday, October 14th. Finally, UBS Group cut their price target on Energizer from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Energizer presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Energizer Stock Performance

Shares of NYSE:ENR opened at $24.38 on Thursday. The business’s 50 day moving average price is $26.70 and its 200-day moving average price is $24.85. The firm has a market capitalization of $1.66 billion, a PE ratio of 7.02 and a beta of 0.62. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84. Energizer has a 1 year low of $19.70 and a 1 year high of $39.51.

Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.64 earnings per share for the quarter. The company had revenue of $684.10 million for the quarter. Energizer had a return on equity of 181.90% and a net margin of 8.60%. As a group, equities research analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Institutional Trading of Energizer

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Energizer by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 907,826 shares of the company’s stock worth $27,162,000 after acquiring an additional 13,453 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of Energizer by 28.7% in the 2nd quarter. North Star Investment Management Corp. now owns 116,600 shares of the company’s stock valued at $2,351,000 after buying an additional 26,000 shares during the period. Jump Financial LLC acquired a new stake in shares of Energizer in the 1st quarter valued at approximately $276,000. US Bancorp DE lifted its holdings in shares of Energizer by 108.7% in the 2nd quarter. US Bancorp DE now owns 37,527 shares of the company’s stock valued at $757,000 after buying an additional 19,543 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Energizer by 0.3% in the 1st quarter. Victory Capital Management Inc. now owns 349,568 shares of the company’s stock valued at $10,459,000 after buying an additional 1,183 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.